Re: Another Lurker jumps in the fray...Taglo - Lurker
posted on
May 01, 2008 05:01PM
The simple fact is that Gasoline prices are not a major factor in such developments. Energy costs are a consideration and most any industrial activity would need to consider ENERGY costs and the Basic Raw Materials would set the base line for pricing for all products produced and fabricated from the Basic Raw Materials. Also, given the relatively very rich grades found to date at DE it would be among the last to NOT be very profitable. Suburban Auto Commuters are the most strongly impacted by rising Gasoline prices and then likely rural /city commuters. Thus it much more a media attention getting matter as opposed to a prohibition on Raw Resource Development Project.
For the poster respecting Galore Creek, Teck-Cominco held their AGM the other day and there is plenty of info there to soak up. As for a comparison to the Ring of Fire: Teck has ~$1,000,000,000.00 plus to put towards any buyouts that they can get cheap enough. They will likely NOT even consider attempting to make a bit for Noront Resources as they should well know they would NEVER get it at the undervalued price they typically do their Buy Outs for. In other words, Noront Resources is TOO GOOD For Teck-Cominco to do anymore than DREAM ABOUT.
Just what I got from their AGM reviews.
Old Joe
Old Joe